Property Investors
Investing for the future of yourself and your family is crucial, with more Australians taking control of their financial future through property investment than ever before! At My Finance Consultants, we help you build an investment portfolio using time-tested, effective lending strategies. Our trusted Mortgage Brokers provide you with access to our extensive lender panel, specifically designed to assist property investors. This allows you to borrow more, reduce costs, and save on fees.
Expertise for property investors
Determine Borrowing Capacity: Find out how much you can borrow to invest in property.
Maximise Borrowing Potential: Use an investment lending strategy to borrow more than any single lender would provide.
Interest Rate Strategies: Choose between fixed or variable interest rates to suit your strategy.
Minimise Fees: Reduce the interest rates and fees on your loans.
Leverage Equity: Borrow 100% of the purchase costs, including all government charges and stamp duty, by using the equity in your existing properties.
Understand Lenders Mortgage Insurance: Learn about the costs and benefits of using Lenders Mortgage Insurance for your investment portfolio.
Complimentary valuations
We offer free upfront valuations for our clients. This can expedite the approval process and save you hundreds of dollars in fees. Upfront valuations help in making quick decisions during purchases and can be used to determine property values before any revaluation or top-up.
Structuring your investment loan
Correctly structuring your investment loan can save you thousands and keep your tax accountant happy. We implement the right structure from the start to ensure the best return on your investment. We work with multiple lenders to keep competition alive and potentially negotiate better outcomes for you.
Unlocking your equity
Many owner-occupiers don't realise they can afford to invest in property while paying off their mortgage. The equity in your existing home makes you a favourable candidate for lenders, reducing the need for Lenders Mortgage Insurance (LMI) and additional deposits.
Self-Managed Superannuation
Using your SMSF to invest in property requires a lot of compliance checks and professional advice. My Finance Consultants works with your accountant, financial advisor, or solicitor to ensure all arrangements are fully compliant and maximise tax efficiencies.
Key issues to consider
Before embarking on property investment, consider these key issues:
Financial and Property Investment Advice: Seek sound advice early.
Negative Gearing: Understand its impact on your tax position.
Ownership Structures: Decide on the best structure for your investment.
Record Keeping: Maintain accurate records.
Income and Expenses: Know your rental income, depreciation, and costs.
Finance Types: Explore different loan types and options.
If you need help understanding your borrowing power and likely repayments, try our Borrowing Power Calculator and Loan Repayment Calculator. For personalised advice and support, contact our team today. Let us help you grow your investment property portfolio and achieve your wealth creation goals.
Why choose My Finance Consultants?
We do all of the legwork
We compare hundreds of home loan options from a wide choice of lenders, including the big banks and specialist lenders. We handle every step, having a thorough process in place to qualify you with our lender panel to find the most suitable lending options for you. We organise all of the required paperwork, order lender valuations, liaise with your real estate agent and conveyancer for a smooth transition to settlement.
We provide a convenient service
Mortgage Brokers save you the time and hassle involved in applying for a home loan - from application through to settlement. We'll meet at a time and place that best suits you, to establish your needs and preferences. We then do all the research and running around to manage every step of the application process. This saves you shopping around - as we do it all on your behalf.
We provide professional advice
We are fully trained, and accredited with every lender we represent. We are full members of the Mortgage & Finance Association of Australia and we have many years of industry experience. We also have a number of consumer protection initiatives in place to protect you - our valued clients. As mortgage professionals, we seek to guide you through the lending process to help you make better financial decisions.
We help you select the right home loan
Our first priority is helping you select the home loan that’s right for you, now and into the future. Your Mortgage Broker will save you the time and hassle associated with shopping around for a home loan, they will also guide you through the home lending process to help you make better choices with your personal finances.
We will always try to save you money
We use comprehensive software which helps us pinpoint the most suitable and competitive home loan for you. Typically, our service can help cut the current interest rate you are paying as well as reduce your fees and monthly repayments. Using a Mortgage Broker is also a great way to figure out a strategy to maximise your borrowing power.
We don’t charge you a fee for our service
There is no charge to you for our services because the lender pays us a commission once your loan has settled. We do charge a commitment fee for home loan pre-approval applications, however we will refund this to you upon settlement of your home loan. We will always aim to provide a trusted, friendly and professional mortgage broking service.
Our clients have been saying some great things about us!
Whatever your goals, a competitive home loan will get you there faster!
Whether you're a first home buyer, upgrading to your next home, getting into property investment, or wanting to refinance and pay off your existing home loan sooner, we can help you make the right decisions and stay on top - whatever your home loan needs.
We'll compare more than 40 leading banks and lenders, as well as hundreds of home loan options to find one that's right for you. No matter what kind of mortgage you're interested in, you'll enjoy expert home buying and lending advice from a Mortgage Broker you can trust.
Our industry knowledge and sophisticated mortgage software allows us to assess and compare the hundreds of home loans that are available in the marketplace, we will calculate your borrowing capacity and identify which lenders you will qualify with.
If you're ready to start your home loan journey, give our friendly team a call on 1300 381 955 or visit the Book Appointment section on our website.
FAQs
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Property investing is suitable for clients who have:
- Surplus cash flow after covering living expenses and current debts.
- Saved a deposit or hold equity in other property.
You should develop an investor’s mindset by understanding what to look for in an investment property, the risks of property investing, and how to mitigate them. We do not recommend property investing solely to obtain a tax benefit or because someone else suggested it. Make your own inquiries to determine if it is right for you.
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Yes. We can help you with:
- Determining your borrowing capacity
- Setting a property budget
- Calculating your required deposit
- Assessing available equity and arranging ‘cash out’
- Evaluating the feasibility of multiple property purchases
- Developing your financing strategy
- Introducing you to our partners (e.g., buyers agents, solicitors, depreciation & tax experts)
- Holding you accountable to your goals
- Optimisation of loan portfolios for experienced property investors.
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We can optimise your existing investment property loans by:
- Lowering interest rates to achieve savings
- Fixing some of your loans to establish a period of certainty and hedge against rate rises
- Assisting with the release of equity for future investment purposes
- Removing any cross securitised loans or guarantees
- Re-extending loan terms or converting some loans to Interest Only to increase monthly cash flow
- Switching loans to Principal & Interest when your income is sufficient to start paying down the loans
- Making access to your money more convenient by applying to a bank with more features or consolidating your loans with one bank
Each client’s requirements are unique, so please speak to us if you are looking to optimise your overall property portfolio.
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This depends on your borrowing capacity, available deposit, and individual goals. These factors are unique to every client, so we will assess your personal scenario to help you set an appropriate investment property budget.
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We recommend an 80% LVR for those new to property investing or purchasing in a slow market. Borrowing above 80% LVR incurs LMI for most clients. We only recommend this for more experienced property investors, where the purchase price is relatively low, the market is rising, and the opportunity is too good to miss, or if you are eligible for an LMI waiver.
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Negative gearing is when your rental income is less than the total of all your investment property expenses, leading to a net loss and therefore a tax deduction. Typical expenses include interest costs, council rates, water rates, property management fees, and maintenance and repairs. Negative gearing makes sense when the capital gain on your property outweighs the accumulated after-tax losses each year.
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Positive gearing is when your rental income exceeds the total of all your investment property expenses, leading to a net profit and an increase in your taxable income. This approach is suitable when you aim for an income stream rather than solely a capital gain.
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A positive cash flow property generates a positive return after factoring in your tax refund and non-cash expenses like depreciation. A positively geared property has positive cash flow, but a negatively geared property can also have positive cash flow after accounting for the tax refund.
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Yes, as long as there is sufficient equity and you can demonstrate the ability to service the additional borrowings, you can use the equity in an existing property to purchase an investment property. Contact us to assess the feasibility and structure it correctly.
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A minimum deposit of 5-10% is typically required to secure the property. If you don't have more than that, consider using a Family Guarantee if your parents have equity in their property, or paying Lenders Mortgage Insurance if eligible. You must demonstrate the ability to afford the higher loan repayments that come with a higher loan amount.
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Yes, we have relationships with buyers agents and investment property firms specialising in different property types, geographies, and client profiles. Contact us if you would like an introduction to a buyers agent, and we will recommend the best fit for your needs.
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Yes, we recommend seeking a pre-approval before looking for an investment property. This will allow you to know your limit and negotiate more confidently. Most buyers agents will only formally start looking for an investment property once you have a pre-approval.